During European trading, the British Pound increased against the US Dollar, trading above 1.2800 levels.
The GBP/USD currency climbed up in the European trading session, as the dollar weakened following fears of a future US growth outlook. In the UK, S&P Global Services PMI for February was released with data lower than expected (51.1 expected vs 51.0 realised). In the US, ADP Nonfarm Employment Change for February (144,000 exp), S&P Global Services PMI for February (49.7 exp) and ISM Non-Manufacturing PMI for February data (53.0 exp) will be posted at 13:15 GMT and 15:00 GMT respectively.